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magnitude of intergenerational transfers provides aid in determining how much outstanding wealth is obtained through … intergenerational transfers, an issue of current controversy. In both Japan and the United States, a substantial portion of wealth, and …
Persistent link: https://www.econbiz.de/10012475314
median wealth plummeted by 44 percent over years 2007 to 2010. The inequality of net worth, after almost two decades of … in median net worth and the rise in overall wealth inequality over these years are largely traceable to the high leverage … of middle class families and the high share of homes in their portfolio. Mean and median wealth rebounded from 2010 to …
Persistent link: https://www.econbiz.de/10012453628
I use the Survey of Consumer Finances (SCF) to analyze wealth trends from 1983 to 2013. Asset prices plunged between … 2007 and 2010 but then rebounded from 2010 to 2013. Median wealth plummeted by 44 percent over years 2007 to 2010 and … wealth inequality was up sharply. These two movements can be traced to the high leverage of middle class families, the high …
Persistent link: https://www.econbiz.de/10012455976
Account Tax Compliance Act (FATCA), to produce new evidence on the foreign financial wealth of U.S. households. We find that U …
Persistent link: https://www.econbiz.de/10014247977
total wealth of each household in the Health and Retirement Study by $67,000 in 1992 dollars, raising wealth from employer …By 1992, pensions and retiree health insurance represented one quarter of the wealth of families on the verge of … provided pension benefits per household by 150 percent in real terms. Changes in retiree health benefits, which have only about …
Persistent link: https://www.econbiz.de/10012471464
pension wealth (both private and social security) which we construct for each household in the sample, the estimated …A substantial literature exists on the impact of pension schemes, both public and private, on the level of household …
Persistent link: https://www.econbiz.de/10012478143
compare pre-tax and post-tax wealth. The empirical analysis covers 1983-2016 based on the Survey of Consumer Finances for … conventional net worth, NW, and augmented wealth, AW, the sum of NW, pension wealth PW, and Social Security wealth SSW. Like TDAs … BV of wealth, including death benefits. While TDAs are still subject to income tax at withdrawal, other assets are valued …
Persistent link: https://www.econbiz.de/10012481522
Some commentators have argued that the housing crisis may harm labor markets because homeowners who owe more than their homes are worth are less likely to move to places that have productive job opportunities. I show that, in the available data, negative equity does not make homeowners less...
Persistent link: https://www.econbiz.de/10012461956
In sum, numeracy does not influence wealth in whole or in part by affecting financial knowledge of one's pension plan … found in the literature between cognitive ability, and in particular numeracy, and wealth, income constant. We have a number … suggest that causality is more likely to run from pension wealth to pension knowledge, rather than the other way around …
Persistent link: https://www.econbiz.de/10012462157
rises in wealth in the cross-section of households in the Survey of Consumer Finances. For a given household, the portfolio … share can fall in response to an increase in wealth, even though the model implies decreasing relative risk aversion …
Persistent link: https://www.econbiz.de/10012462341